Magson Retail and Distribution Ltd
Registered Office:
204-B,Primate Complex, Opp Mot,-her Milk Palace,Nr Judges Bng,
Ahmedabad - 380015,
Gujarat, India.
Phone : +91 9978607507
Fax : NA
Initial public offer of upto 21,14,000 equity shares of face value of (Rs) 10 each ("Equity Shares") of Magson Retail and Distribution Limited (the "Company" or "MRDL" or "The Issuer") for cash at an issue price of (Rs) 65 per equity share (including a share premium of (Rs) 55 per equity share) (the "Issue Price"), aggregating to (Rs) 13.74 crores ("The Issue"), of which upto 1,06,000 equity shares of (Rs) 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 20,08,000 equity shares of (Rs) 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.93% and 25.58%, respectively of the post issue paid up equity share capital of the company.
The face value of the equity share is (Rs) 10 and the issue price is 6.5 times of the face value.
| Issue |
Money Payable On |
| Opens On |
Closes On |
Allotment |
Application |
| 23-Jun-23 | 27-Jun-23 |
0.00-0.00 |
65.00-0.00 |
Minimum Application for shares in Nos :
2000
Further Multiples of :
2000
|
(Rs. in Cr) |
Lead Managers to the Issue |
| Project Cost |
13.24 |
ISK Advisors Pvt Ltd |
| Project Financed |
13.74 |
|
| Post Issue |
7.85 |
|
| Issue Price |
7.85 |
|
| Projects |
|---|
|
For opening new stores under franchise model
Working capital requirement
General corporate purpose
|
| Promoted By |
|
Rajesh Emmanuel Francis
Manish Shivnarayan Pancholi
Jennifer Rajesh Francis
|
No Data Available!!!